Shares of Talkspace, Inc. (NASDAQ:TALK - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $2.96, but opened at $3.26. Talkspace shares last traded at $3.45, with a volume of 2,073,725 shares.
Analyst Ratings Changes
A number of analysts have issued reports on TALK shares. Canaccord Genuity Group began coverage on Talkspace in a report on Thursday, April 3rd. They issued a "buy" rating and a $5.00 target price on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Talkspace in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Talkspace has a consensus rating of "Buy" and a consensus price target of $4.50.
View Our Latest Research Report on Talkspace
Talkspace Stock Down 1.8%
The stock's fifty day simple moving average is $2.90 and its two-hundred day simple moving average is $3.09. The firm has a market cap of $538.75 million, a PE ratio of 322.32 and a beta of 1.13.
Institutional Trading of Talkspace
A number of large investors have recently made changes to their positions in the business. Evernest Financial Advisors LLC purchased a new stake in Talkspace in the 4th quarter valued at about $337,000. MetLife Investment Management LLC increased its stake in shares of Talkspace by 87.9% in the fourth quarter. MetLife Investment Management LLC now owns 77,294 shares of the company's stock worth $239,000 after acquiring an additional 36,154 shares during the period. Geode Capital Management LLC boosted its holdings in Talkspace by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 3,077,361 shares of the company's stock worth $9,512,000 after buying an additional 63,072 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Talkspace by 87.3% during the fourth quarter. JPMorgan Chase & Co. now owns 987,220 shares of the company's stock valued at $3,051,000 after purchasing an additional 460,248 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Talkspace by 829.3% during the fourth quarter. New York State Common Retirement Fund now owns 38,100 shares of the company's stock valued at $118,000 after purchasing an additional 34,000 shares in the last quarter. 57.37% of the stock is currently owned by institutional investors.
Talkspace Company Profile
(
Get Free Report)
Talkspace, Inc operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs. It provides text, audio, and video-based psychotherapy from licensed therapists.
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